Sonali Pay UK Limited is an Authorized Payment Institution (API) under the trading name SonaliPay in the UK. SonaliPay is a 100% owned subsidiary of Sonali Bank PLC, Bangladesh. The company was initially formed on 28th April 2022, with a view to becoming a standalone authorised remittance entity to provide service for the UK based Bangladeshi diaspora. SonaliPay received its authorisation from Financial Conduct Authority (FCA) on 15th June 2023 following a successful application with its own unique reference number (FRN) 977519 which is listed on the FCA Financial Services Register.
Sonali Pay UK provides Remittance Services, including bank transfers to accounts in Bangladesh from the UK. Beneficiaries also have the option to utilize cash pickup services at over 1220+ branches of Sonali Bank PLC across Bangladesh. Furthermore, customers can seamlessly send money to Bangladesh, directly to bKash and Nagad accounts UK through our mobile app or web platform.
Board of Directors
Subhash Chandra Das
Chairman, Sonali Pay UK Limited
Subhash Chandra Das, FCMA, FCA, is the Chairman of Sonali Pay UK Limited and Deputy Managing Director of Sonali Bank PLC, Bangladesh’s largest state-owned commercial bank. With over 20 years of experience in central and commercial banking, he has held leadership roles in treasury, foreign trade, remittance operations, and financial management.
Before joining Sonali Bank, Mr. Das served in various capacities at Bangladesh Bank, contributing to key departments such as Foreign Exchange Policy and Banking Inspection. He has also worked with international organizations, including the Asian Development Bank and the World Bank-funded Bangladesh Municipal Development Fund.
Mr. Das holds undergraduate and postgraduate degrees in Accounting from the University of Dhaka and is a Fellow of ICMAB and ICAB. A proponent of continuous learning, he has participated in global training programs and serves as a visiting academic at leading financial institutions in Bangladesh.
David Kirby LLB. Chartered MCSI
Independent Non-Executive Director (iNED)
David is an experienced Chairperson, Head of Compliance (CF10/SMF16) and MLRO (CF11/SMF17). Former Member of the Money Laundering Advisory Panel (MLAP) and the Joint Money Laundering Intelligence Taskforce (JMLIT), with over 38 years experience in the financial services industry.
David is a Chartered Member of the Chartered Institute for Securities and Investments. Holding an LLB in English Law and relevant industry qualifications in Regulation, Compliance, Financial Crime, Investment Operations and GDPR.
David specialises in regulatory and compliance advisory, UK and Ireland authorisation applications, FinTech, payments solutions, enhanced AML audits, financial crime training and banking services consultancy to the financial services sector.
Masum Billah
CEO & Executive Director
Mr Masum Billah appointed as a CEO & Executive Director on 28th April 2022. He has 25 years of banking experience with a strong focus on risk operations, including technology. He previously worked at Citibank, N A Dhaka, Bangladesh before moving to the UK in 2010. He was regional compliance Head of Trade Business for Citibank U K and Bank of America, UK before joining Habib Bank Zurich PLC London as their COO (SMF 24) and Executive Director (SMF 3) to the Board He also led the rolling out of Islamic Banking window for Habib Bank UK. Mr Billah has knowledge and experience of UK local laws, rules, and regulations.